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All Signs Points Left

With the most recent jobs report all signs are pointing to 4 more years of President Obama. January produced 243,000 private sector jobs and the unemployment rate dropped to 8.3 percent. Although long-term unemployment did not decrease much, the .2 percent decrease overall is encouraging. As a result of this the stock market responded quite positively. The Dow Jones reached its highest levels since 2008 and the Nasdaq reached its highest level since 2000.

The unemployment rate is still high but the recovery does seem to be picking up steam. If the economy stays on this path the President’s path to re-election will be much easier.

One thought on “All Signs Points Left”

And yet so many keep attempting to dismiss this drop in unemployment as nothing of substance because “it’s all the people dropping out of the workforce”. This may have been true a year ago but not so the last half of 2011.

It’s amazing how the knee-jerk dismissals are held onto and perpetuated despite the realties.

Gotta keep out fingers crossed that the EU doesn’t fall into a double-dip. If they can hang on, Obama will win.